I was commenting on a blog by Ranjan Rituraj, and couldn't resist pasting my comments here.
As usual very good "local contextual" knowledge and understanding from Ranjan. He makes a good case for why NRB (Non Resident Biharis) need to start coming up with micro investment projects in Bihar and we need not wait for the large corporate houses. They will take time and don't have the agility and speed of individual micro-investments.
My comments there:
And yes very good ideas. NRBs will have to come first and show some initiative. Just sending Money Order is not enough. Coming back with expertise,ideas,investments (micro is better than mega projects),networks etc are very important. Once Bihar reaches the "tipping point" then smart money will follow and that need not be Bihari. Even the big Private Equity, Venture Capital guys will come for sure. Industriats will also come.
Though smart money will take time since this lack of "contextual" and "local knowledge","local networks", "risk appetite" will be a hindrance
However smart brains will not wait that long. The APJ Kalam and likes will see the "historic opportunity" and surely "RUSH" to bihar.
What about you ?
YOU - I mean, you, who is reading this blog and comment.
Are you smart enough ?
If yes then do you have the "local networks","knowledge" etc. then forget the Silicon Valey or Wall Street or India-China opportunity. Here is an opportunity of lifetime.
Go grab it my friend. Need advice or have concerns then talk to Ranjan. He might help. Else drop a word on this blog. Someone here can help. Else drop a visit to Bihar Govt. At site you might find good links. But take some action, don't click out and resume your web-surfing.
ऐसा मौका जिन्दगी में बार बार नहीं आता है मेरे दोस्त ! अगर आप आईटी बूमं मिस कर गए और फिर ब्पो बूम भी और डॉट कॉम और फिर इन्दुस्त्रिअल बूम भी। गूर्गाओं और बैंगलोर और हैदराबाद बूम भी तब ये एक और मौका है